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This Battered Real Estate ETF May Be Ready To Move

Published 10/21/2016, 03:21 PM
Updated 07/09/2023, 06:31 AM

Here's a financial instrument that’s been carving out a series of higher highs and higher lows, lately, notching a 15% appreciation since early August. Believe it or not, it’s that old, battered beast we haven’t spoken of in years -- the double-bearish ETF SRS.

ProShares UltraShort Real Estate

To be sure, SRS has been viciously destroyed for years now, having peaked on a split-adjusted basis at $16,408.77 -- yes, I’m serious -- and is presently trading 99.8% lower than that. All the same, just as Palo Alto real estate seems to be softening, we may be past the peak of this particular bubble.

Latest comments

Leveraged ETPs are not suited for technical analysis... too much distortion.
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